Freeart another important consideration as to whether you still hold or sell MGX must include China within that overall equation.
China is responsible for producing an astonishing 3/4 of the worlds wealth over the past 3 years and given their economony is contracting (due to developed countries financial mismanagement and associated consumer demand decline)their GDP is expected to fall below 8 % which was last seen in 2004.
Iron Ore $$ and volume simply cannot stand up to such drop in considerable China /Western country demand.
Unless MGX can negotiate new contracts with large steel mills elsewhere or gain support from investment banks they are in severe strife.
Cars /Buildings /Construction work are all being suspended or cancelled from production plans... These are tell tale signs on the prognosis for iron ore and therefore MGX.
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Last
36.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $444.6M |
Open | High | Low | Value | Volume |
37.0¢ | 37.0¢ | 36.5¢ | $244.0K | 664.6K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
5 | 118094 | 36.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
37.0¢ | 50000 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
5 | 118094 | 0.365 |
11 | 454572 | 0.360 |
6 | 166500 | 0.355 |
5 | 141409 | 0.350 |
4 | 165799 | 0.345 |
Price($) | Vol. | No. |
---|---|---|
0.370 | 50000 | 2 |
0.375 | 45000 | 2 |
0.380 | 108000 | 5 |
0.385 | 61388 | 3 |
0.390 | 166981 | 5 |
Last trade - 16.10pm 26/07/2024 (20 minute delay) ? |
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